Simplifying the $PSTAKE Airdrop
Originally published March 21, 2022.
TL;DR
- The requirement for airdrop participants to stake 20 ATOM or 100 XPRT via pSTAKE in order to receive the full $PSTAKE airdrop allocation (batches 2–6) has been removed.
- All eligible airdrop participants who have submitted their wallet address within the deadline (by March 20, 12 PM UTC) will receive their full $PSTAKE allocation without the need for any further action.
- Participants who have staked 20 ATOM or 100 XPRT via pSTAKE have been rewarded with an additional 100 $PSTAKE in addition to their respective airdrop allocation.
- This update has been implemented in order to better achieve the goals of the airdrop, which are to facilitate widespread distribution of $PSTAKE, properly align the incentives of ecosystem stakeholders, and reward active ecosystem participants.
Read the full article on our official blog here: https://bit.ly/3wl9Ao0
About pSTAKE
pSTAKE is a liquid staking solution that unlocks the potential of staked PoS assets (e.g. ATOM). PoS token holders can stake their tokens via the pSTAKE application to receive stkASSETs (ERC-20 representative assets of the respective underlying tokens) that can then be transferred to other wallets or smart contracts on the Ethereum network to generate additional yield.
Currently, pSTAKE issues ERC-20 liquid staking representative tokens on the Ethereum network, with a long-term aim of building a multi-chain protocol issuing liquid staked representatives on multiple networks including the Persistence Core-1 chain.
We have a bag full of new features and an exciting roadmap for the coming months, so follow our socials below to stay up-to-date with the latest developments.
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Developed by Persistence
Persistence is a Tendermint-based, specialised Layer-1 network powering an ecosystem of DeFi applications focused on unlocking the liquidity of staked assets.
Persistence facilitates the issuance and deployment of liquid-staked stkASSETs, allowing users to earn staking rewards while participating in DeFi primitives, such as lending/borrowing and liquidity provisioning on DEXs.
Persistence aims to offer a seamless staking and DeFi experience for PoS (Proof-of-Stake) users and enable developers to build innovative applications around stkASSETs.
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